7. In which of the following scenarios can revenue be recognized according to the revenue...
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In which of the following scenarios can revenue be recognized according to the revenue recognition principle? A A company signs a contract to provide services over the next months and immediately recognises the full contract value as revenue. B A retail store sells goods to a customer and delivers them, but the payment nt will be made in days. The company recognises the revenue at the time of delivery. C A company receives a nonrefundable deposit for services to be provided in six months and recognises the full amount as revenue upon receiving the deposit. D A company delivers goods to a customer but the customer has the right to return the goods within Days. The Company recognises the revenue immediately upon the delivery of goods.
In which of the following scenarios can revenue be recognized according to the revenue recognition principle?
A A company signs a contract to provide services over the next months and immediately recognises the full contract value as revenue.
B A retail store sells goods to a customer and delivers them, but the payment nt will be made in days. The company recognises the revenue at the time of delivery.
C A company receives a nonrefundable deposit for services to be provided in six months and recognises the full amount as revenue upon receiving the deposit.
D A company delivers goods to a customer but the customer has the right to return the goods within Days. The Company recognises the revenue immediately upon the delivery of goods.
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